A good Cup and Handle break out happening in the stock on the line charts, can do really well once the resistance zone of 960-970 is breached out from on closing basis. Trailing SL of 889 on closing basis
Explained in Charts NSE:SBIN Disclaimer : it not a recommendation - Purely my own analysis CHEERS
Scrip can take bullish continuation flag breakout beyond 52-week high resistance towards new TP Breakout price range can form support and SL if the breakout bullish continuation is seen Lets wait and watch :) PROS (Ahead of peers) - Company is virtually debt free. - Company has a good return on equity (ROE) track record: 3 Years ROE 27.16% - Company has been...
Good positive indication from many indicators. Steel going through lowest cycle.
The stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU...
Nifty has made today a Bearish Engulfing Candlestick pattern... Hope we may see downside... It may fall upto 9530 regions... And if it brake those levels we may consider it as a channel breakdown.. Targets are 9630/9575/9535 SL : 9705 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
Everything on chart. Wait for confirmation on 31-may-17. Please leave your opinions.
RSI Overbought on Weekly Chart and looks like Nifty to form a Evening Doji Star Candle pattern. Its indicating the bearish movement on Nifty and the levels are measured by fibonacci.
Current price level is clearly a good demand zone where buyers emerge. We can go long here with small Stop Loss just below the low made recently on closing basis and expect a good profit in short term. RSI 40 for this stock worked as extreme oversold zone and again bouncing from this level thus confirming the idea of going long.
The stock is showing continuous divergence and looks ready to retrace from current level. One can short the stock with small Stop Loss and keep the initial target double the risk involved.
It is been observed that on the daily chart that the price action breaks above the downward trend line, indicating a good bullish movement ahead. Target: 298 Stoploss:288
White candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by...
RSI - Overbought, Strong Shooting star on daily. Break from the horizontal channel ought to give confirmation.
Strong Inverted Hammer on daily chart. Descending triangle. May break on either side. Position to be taken based on where to it breaks. Weekly chart shows clear indications of a downfall.
Andrews Pitchfork's is capturing very well the price action so far and working as Resistance. It has closed out of it but formed a hanging man showing possible weakness, so one can short the stock if it starts trading below the upper Median Line around 143.50 for a target of 135 by providing stop loss of 147.60.
Today's big Black candle which engulfed the last 2 candles and closed at lowest level is showing the forthcoming weakness. It is also showing bearish divergence in the overbought Zone. One can short the stock at the level where Stop Loss of 1102 on closing basis is affordable to them.